Drought situation affects cassava production in Thailand
Cassava
Vegetables
Thailand
Published Jun 27, 2023
Tridge summary
Thailand is experiencing a high demand for tapioca and cassava products in the foreign market, but its cassava production is declining due to drought. Some farmers have switched to sugarcane, leading to limited supply and potentially favorable prices for cassava starch. China remains Thailand's top cassava export market, accounting for 65% of total exports, but there has been a decrease in exports in the first 5 months of this year due to reduced purchases for alcohol production.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Source: bnews.vn Mr. Ronnarong Phoolpipat, Director of the Department of Foreign Trade, said that there is a high demand in the foreign market for Thai tapioca and cassava products, as customers are willing to buy all available quantities. However, Thailand's cassava production is declining due to drought. Mr. Ronnarong also said that a part of farmers have switched to sugarcane, leading to the price of cassava starch may remain at a favorable level throughout this year due to stable demand and limited supply. He advised farmers not to rush to harvest small cassava roots to sell during high prices as this may affect overall quality. Thailand's fresh cassava prices are currently listed at 3.10- 3.55 baht/kg (about 0.088-0.1 USD/kg), higher than the guaranteed price of 2.50 baht/kg. The country's fresh cassava production is estimated at 36 million tons this year, lower than the domestic demand forecast of 40 million tons. In 2022, Thailand exported a total of 11 million tons of ...
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